New capability puts the AI agent in the customer's environment while keeping nCino's compliance and permissioning framework intact August 07, 2026 07:30 ET | Source: nCino, Inc.
WILMINGTON, N.C., Aug. 07, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced new capabilities to let lenders connect MCP-compatible AI agents directly to the nCino Mortgage Suite via Model Context Protocol (MCP), an open-source protocol that acts as a universal plug between AI agents and external platforms.
Mortgage teams lose real time to a familiar problem: getting information or taking action means navigating screen after screen, even when the task itself is simple. Mortgage MCP solves that. The agent executes the task on the user's behalf — no clicking, no toggling between tools — within your existing governance and permissions settings.
Mortgage MCP currently ships with two pre-built tools for those who want to get to work immediately:
Admin MCP Mortgage systems administrators — the internal "product owners" responsible for a lender's loan origination system (LOS), point-of-sale system (POS) and other key mortgage technologies — spend dozens of hours each month on tasks such as user and role management, system configuration and integration maintenance.
The Admin MCP lets administrators handle those tasks through natural language conversation, without logging into the nCino console. An administrator can onboard a new loan officer, add their state licenses, assign them to a branch, restructure organizational hierarchies, perform compliance tasks and report on loan officer performance in a single conversation.
Loan Officer MCP Loan officers move fast — or try to. Between checking loan status, triaging their pipeline, managing borrower records and triggering income and asset verifications, they spend much of their day toggling between screens rather than working with borrowers.
The Loan Officer MCP gives loan officers a single conversational interface to handle those tasks, eliminating the screen-switching that slows origination workflows and keeping their attention on the borrower relationship. Other use cases include running AUS, drafting disclosures, partner onboarding, loan briefings, guidance on where to focus time, and task reminders.
"With Mortgage MCP, administrative workflows that used to consume hours become a five-minute conversation," said Casey Williams, General Manager of Global Mortgage at nCino. "We're building for a world where lending teams state intent and the system acts, replacing clicks with commands and dashboards with answers. Admins can connect the AI agent they already use directly into the nCino Mortgage Suite, and it only ever acts within their existing permissions, with every action logged."
Mortgage MCP is built on nCino's existing permissioning and audit-logging framework: actions taken through the nCino Mortgage Suite logged with a timestamp, action and outcome within nCino's system. The framework supports configurable controls for high-impact actions, such as archiving a loan officer or restructuring a branch, including a requirement for human confirmation before execution. Customers have the flexibility to configure these controls to fit their own approval workflows and environment.
To learn more about Mortgage MCP or to see nCino's agentic mortgage platform in action, visit www.ncino.com/mortgage or contact nCino today. Existing customers can connect Mortgage MCP through their nCino relationship manager.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks and the largest financial entities globally — nCino offers a trusted agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
Gregory Orenstein, the chief financial officer of nCino, Inc. (NCNO -1.25%), sold 11,780 shares of common stock on August 4, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$226,412Shares sold11,780Post-transaction shares (directly held)690,513Post-transaction value$13.47 millionTransaction value based on SEC Form 4 weighted average sale price ($19.22); post-transaction value based on August 4, 2026 market close ($19.50).
Key questionsWhat was the primary driver of this transaction?
The sale was non-discretionary, executed to cover tax withholding obligations associated with the vesting of restricted stock units, and does not reflect the insider's view on the stock.What is the current scale of the executive's equity position?
Orenstein maintains a direct holding of 690,513 shares, representing a significant long-term interest in the company valued at $13.47 million.How has the equity position changed in this transaction?
The sale involved 2% of the executive's direct holdings, leaving 98% of the position intact following the underlying vesting event.Company OverviewMetricValueShare Price (as of market close 2026-08-05)$19.23Market Capitalization$2.1 billionRevenue (TTM)$610.1 millionNet Income (TTM)$13.3 millionCompany SnapshotnCino delivers cloud-based software-as-a-service (SaaS) solutions to financial institutions, with its flagship nCino Bank Operating System serving as a multi-tenant platform that digitizes, automates, and streamlines complex operational processes and workflows for banks and credit unions.The company generates recurring revenue through subscription-based licensing of its cloud platform, leveraging data analytics, artificial intelligence, and machine learning capabilities to enhance operational efficiency and decision-making for financial services organizations.nCino's primary customer base consists of regional and community banks, credit unions, and other financial institutions across the United States and international markets seeking to modernize their digital infrastructure and improve operational productivity.nCino operates as a leading SaaS provider to the financial services sector, with a market capitalization of $2.1 billion and TTM revenues of $610.1 million. The company's cloud-based platform addresses the critical need for digital transformation within traditional financial institutions by automating complex workflows and integrating advanced AI/ML capabilities. With 1,684 employees and a geographically diversified customer base, nCino is positioned as a key technology infrastructure provider for the modernization of banking operations.
What this transaction means for investorsAs with other nCino executives of late, the proportion is what settles this one, because Orenstein parted with about 2% of his direct holdings and kept the other 98%, a roughly 690,000-share position that the tax bill barely dented. He is the third nCino executive whose stock vested on the same day and had a slice withheld, which marks a shared vesting date across the leadership team rather than three separate reads on the stock. For a finance chief holding this much, the filing says nothing about where he thinks the shares are headed.
More importantly, the numbers he oversees have been turning in the right direction. nCino grew fiscal first-quarter revenue 11% to $159 million while swinging to stronger profitability, with net income more than doubling to $13.6 million and free cash flow reaching $80.8 million. CEO Sean Desmond said customers are "deepening their investments in our platform,” and the company raised its full-year outlook alongside those results. Ultimately, that cash generation is the anchor worth weighing against a stock down roughly 30% over the past year. A company converting growth into real free cash flow tends to get the market's attention eventually, especially if it’s consistent after a period that’s seen expectations reset.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Sean Desmond, the CEO and president of nCino, Inc. (NCNO -1.25%), sold 40,490 shares of common stock on August 4 and August 5, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$781,862Shares sold40,490Post-transaction shares (directly held)1,231,080Post-transaction value$23.67 millionTransaction value based on SEC Form 4 weighted average sale price ($19.31); post-transaction value based on August 5 market close ($19.23).
Key questionsWhat was the primary driver behind this equity sale?
The transaction was non-discretionary and initiated to satisfy tax obligations triggered by the vesting of RSUs. These "sell-to-cover" events are established by the company's equity incentive plans and do not represent a market-timing decision by the executive.What is the context of the insider's Rule 10b5-1 plan?
The sales were executed under a trading plan adopted by Desmond on January 6. Such plans allow insiders to schedule trades in advance, providing a defense against potential claims of trading on non-public information.What remains of the President's total equity exposure?
Following this disposition, Desmond retains a direct position of roughly 1.2 million shares. Additionally, the CEO & President holds 180,292 derivative securities, which include both vested and unvested stock options.How did the transaction price compare to the stock's one-year performance?
The shares were sold at $19.31 per share, while nCino has recorded a -30% return over the one-year period ending August 5.Company OverviewMetricValueShare Price (as of market close 2026-08-05)$19.23Market Capitalization$2.1 billionRevenue (TTM)$610.1 millionNet Income (TTM)$13.3 millionCompany SnapshotnCino operates as a software-as-a-service (SaaS) provider delivering cloud-based applications to financial organizations, with its flagship product, the nCino Bank Operating System, serving as a multi-tenant cloud platform that digitalizes, automates, and streamlines complex operational processes and workflows for banks and credit unions.The company generates revenue through subscription-based licensing of its cloud platform, leveraging data analytics, artificial intelligence, and machine learning to deliver value-added services that reduce operational complexity and enhance efficiency for financial institutions.nCino's primary customers are regional and community banks, credit unions, and other financial services organizations seeking to modernize their operations and improve digital capabilities through cloud-based solutions.nCino is a leading SaaS provider to the financial services sector with a market capitalization of $2.1 billion and TTM revenue of $610.1 million. The company's cloud-based Bank Operating System leverages advanced AI/ML capabilities to address the operational digitalization needs of financial institutions across the United States and internationally. nCino's competitive advantage derives from its specialized focus on financial services workflows, deep domain expertise, and integrated platform approach that enables clients to streamline complex regulatory and operational processes.
What this transaction means for investorsNothing about this transaction seems like a verdict on the stock. The shares went out to cover taxes on vesting units through a plan Desmond set back in January, so the timing was locked in months ago and the mechanics did the deciding, not him. What actually reassures is the size of what stayed, since he still holds roughly 1.2 million shares, a position that makes the 40,000 or so sold here look like loose change.
The business, meanwhile, has been outrunning its own guidance while the stock has languished. nCino grew fiscal first-quarter revenue 11% to $159 million, with subscription revenue up 12%, and it lifted its full-year outlook on the fast adoption of its AI banking tools, including the usage of its Banking Advisor. Desmond called it "an exceptional first quarter." That said, the stock is still down a steep 30% over the past year, which serves as a testament to the stress many software-linked names have undergone amid a fervor around AI, which itself has faced some scrutiny in recent months. Expectations have essentially reset, so what matters most for nCino now is ensuring it can continue to execute going forward.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
April Rieger, the chief legal and administrative officer at nCino, Inc. (NCNO -1.25%), sold 7,852 shares of common stock on August 4, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$151,000Shares sold7,852Post-transaction shares (directly held)~376,000Post-transaction value$7.33 millionTransaction value based on SEC Form 4 weighted average sale price ($19.22); post-transaction value based on August 4, 2026 market close ($19.50).
Key questionsWas this transaction a discretionary decision by the insider?
No, the sale was a non-discretionary transaction executed to satisfy tax withholding obligations upon the vesting of restricted stock units, as mandated by the issuer's equity incentive plans.What is the current scale of the insider's direct equity holdings?
The executive continues to hold 375,749 shares of common stock directly, representing a 0.3% ownership interest in the company.What performance trend preceded this equity disposition?
At the time of the transaction on August 4, nCino common stock had realized a one-year return of -30%. Shares were priced at $19.23 as of the August 5 market close.What is the operational focus of nCino?
nCino operates as a software-as-a-service provider that delivers cloud-based applications to financial organizations. Its multi-tenant platform digitalizes and streamlines operational processes for banks and credit unions globally.Company OverviewMetricValueShare Price (as of market close 2026-08-05)$19.23Market Capitalization$2.1 billionRevenue (TTM)$610.1 millionNet Income (TTM)$13.3 millionCompany SnapshotnCino delivers cloud-based software-as-a-service (SaaS) solutions to financial institutions, with its flagship nCino Bank Operating System serving as a multi-tenant platform that digitizes, automates, and streamlines complex operational processes and workflows for banks and credit unions.The company generates recurring revenue through subscription-based licensing of its cloud platform, leveraging data analytics, artificial intelligence, and machine learning capabilities to enhance operational efficiency and decision-making for financial services organizations.nCino's primary customer base consists of regional and community banks, credit unions, and other financial institutions across the United States and international markets seeking to modernize their digital infrastructure and improve operational productivity.nCino operates as a leading SaaS provider to the financial services sector, with a market capitalization of $2.1 billion and TTM revenues of $610.1 million. The company's cloud-based platform addresses the critical need for digital transformation within traditional financial institutions by automating complex workflows and integrating advanced AI/ML capabilities. With a geographically diversified customer base, nCino is positioned as a key technology infrastructure provider for the modernization of banking operations.
What this transaction means for investorsRieger had no say in the timing here, and the amount is very small against what she kept, so her tie to the company runs far deeper than a filing like this suggests. More importantly for investors, nCino is in the middle of an interesting shift that the numbers are starting to reward. The company is moving customers onto a new pricing model built around its AI tools, and more than 40% of its contract value has already made the jump, which helped push fiscal first-quarter subscription revenue up 12% to $141 million. CEO Sean Desmond said customers are "embracing our AI capabilities,” and management raised full-year guidance on the strength of it.
For long-term holders, the stock price seems reflective of the punishing sentiment around many software names, particularly those potentially more vulnerable to the developments from frontier AI labs. For nCino, a stock down roughly 30% over the past year suggests the market wants to see the AI bet convert into steadier growth before it re-rates the shares, and if the company keeps delivering as it’s been, a turnaround could be in play.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Should you prioritize the stable, high-margin profitability of a logistics leader or the growth potential of a banking software specialist? Choosing between Descartes Systems Group (DSGX 0.69%) and nCino (NCNO +1.26%) requires weighing reliability against potential.
Descartes provides the digital backbone for global trade, while nCino streamlines the workflows for financial institutions. Both companies operate in specialized niches where high switching costs provide a competitive edge. This comparison examines their financial health and risk profiles to determine which better fits your investment strategy in 2026.
The case for Descartes Systems Descartes specializes in cloud-based logistics and supply chain technology. Operating within the broader universe of tech stocks, Descartes helps more than 29,000 customers manage transportation, customs compliance, and global trade data. The business model relies on a vast global logistics network that connects shippers, carriers, and logistics service providers, making its software essential for e-commerce and retail operations.
In FY 2026, revenue reached nearly $730 million, representing growth of approximately 12% compared to the previous year. The company demonstrated strong bottom-line performance with net income of roughly $164 million for the same period.
As of its January 2026 balance sheet, the company reported a debt-to-equity ratio of nearly 0x, indicating it carried very little debt relative to shareholders’ equity. Free cash flow for the year was close to $261 million, providing the company with significant capital for future expansion or acquisitions.
The case for nCinonCino provides a cloud-based operating system for financial institutions to manage credit, lending, and onboarding. The company serves over 2,700 customers, including global giants such as Bank of America (BAC +1.39%) and Wells Fargo (WFC +1.96%). A cornerstone of its strategy is a foundational agreement with Salesforce (CRM +0.08%) that provides the necessary infrastructure for its platform through early 2031.
For FY 2026, the company generated revenue of $594.8 million, a 10% increase over the prior fiscal year. More importantly, nCino achieved a net income of nearly $5.2 million, a significant improvement from the net losses reported in previous years.
On its January 2026 balance sheet, the debt-to-equity ratio was roughly 0.3x. This ratio measures total debt, including short-term and long-term obligations, against the value of shareholder equity. Free cash flow reached nearly $82.6 million. Note that stock-based compensation represented roughly 82.0% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
Risk profile comparisonDescartes faces risks due to the cyclical nature of global trade and potential disruptions to international shipping lanes. Competition is intense from legacy enterprise providers such as SAP (SAP +0.87%) and Oracle (ORCL +3.90%), who may attempt to bundle logistics tools with their broader software suites. Furthermore, as a provider of critical trade data, the company remains a target for cybersecurity threats that could disrupt its global network and damage its reputation.
nCino relies heavily on its relationship with Salesforce, and any unfavorable changes to that partnership could lead to significant replacement costs. The company also faces pressure from Microsoft (MSFT +2.76%) and other point solution vendors who compete for bank IT budgets. Additionally, the success of its growth strategy depends on how quickly financial institutions adopt new AI-enabled features and whether these tools generate measurable efficiencies for conservative lenders.
Valuation comparisonnCino offers a significantly lower entry point based on future earnings estimates, while Descartes trades at a premium that reflects its superior profitability and debt-free balance sheet.
MetricDescartes Systems GroupnCinoSector BenchmarkForward P/E25.9x14.6x357.0xP/S ratio8.3x3.2xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
nCino pitches itself as the platform for agentic AI for financial services companies. The company says its AI allows banks to unify their customer data, providing a platform for faster, more effective marketing and customer service. While financial services businesses usually focus on a particular geography, given the complexity of local regulations, nCino gets 20% of its revenue from outside the U.S., originating from 20 countries.
The AI addition to nCino’s long-running financial services tech business allows the company to pitch clients on using its platform for customer service AI agents and to build agents for internal systems development. Altogether, that should lead nCino to a good fiscal 2027, with revenue seen hitting $645 million and net income expanding to $38 milion, from about $5 million.
Descartes’ Global Trade Intelligence product is the largest contributor to the business and has starrted of the company’s fiscal 2027 strongly, thanks to the uncertainty created by the Iran war for shipping and logistics. The service offers comprehensive tariff and duty rates worldwide, among other offerings. Descartes also has tech that allows customers to manage fleets, including software to help them determine the most efficient way to route and utilize their equipment. In many ways, Descartes is a critical provider of logistics information and tech for the world.
For fiscal 2027, Descartes is benefiting from the shifting landscape of trade partners and tax rates driven by various U.S. executive orders and Supreme Court decisions on a range of topics. The business should see revenue hit $812 million, up 11%, with net income touching $201 million, up 23%.
Descartes’ share price fetches a premium compared to nCino, but if you’re looking for a niche tech stock to invest in, Descartes’ competitive moat appears higher than nCino’s, given its AI agent emphasis.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, July 14:
BrainsWay Ltd. (BWAY - Free Report) : This company that manufactures non-invasive neurostimulation treatments for mental health disorders has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
BrainsWay’s shares gained 22.1% over the last six months compared with the S&P 500’s advance of 8.2%. The company possesses a Momentum Score of A.
Heartland Express, Inc. (HTLD - Free Report) : This truckload carrier and transportation services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 25% over the last 60 days.
Heartland Express’ shares gained 38.3% over the last three months compared with the S&P 500’s advance of 7%. The company possesses a Momentum Score of A.
nCino, Inc. (NCNO - Free Report) : This software-as-a-service company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10% over the last 60 days.
nCino’s shares gained 18% over the past month compared with the S&P 500’s decline of 0.5%. The company possesses a Momentum Score of B.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Learn more about the Momentum score and how it is calculated here.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NCNO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Already ranked in the nation's top 1% in efficiency, the Bank is building a suite of AI agents on nCino with a goal to make every frontline commercial banker 50% more productive July 14, 2026 07:30 ET | Source: nCino, Inc.
WILMINGTON, N.C., July 14, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced that ConnectOne Bank is actively deploying nCino’s embedded AI capabilities across its commercial lending operations. Through a combination of nCino Banking Advisor capabilities now live in production and two custom AI agents built on the nCino Agentic Operating System (AOS), ConnectOne is expanding what its bankers can do and laying the foundation for a new level of operational performance.
"When we adopted nCino, we needed a tool that could strengthen our efficient operating model as we scaled, while supporting our speed to market," said Frank Sorrentino III, Chairman and CEO at ConnectOne Bank. "In this next chapter, we are working with nCino to reimagine how our teams work. By leveraging nCino’s investments in AI, we can remove friction & administrative burden from our workflows, and double down on ConnectOne’s competitive advantage - our ability to serve our clients at the pace of their business.”
Early Results
Banking Advisor's Knowledge Base capability is live in the nCino Commercial Banking Solution at the Bank, and the results are already clear. Document search, a task that previously took bankers 20 minutes, now takes as little as 30 seconds, a 97.5% reduction in time spent searching credit policy and job aid documentation. Adoption has followed, with active users growing 41% in just 10 weeks.
The AOS enables financial institutions to deploy nCino's native Banking Advisor capabilities out of the box, then build on top of them using their own workflows, data and institutional knowledge, all governed within the same trust infrastructure that underlies nCino's own Digital Partners, role-based agents, ensuring every AI-assisted action is auditable, explainable and under the institution's control.
ConnectOne has started with two agents targeting the high-friction, time-consuming tasks that have long defined commercial lending, comprising 16 unique skills with additional capabilities rolling out over the coming months. One agent, which uses Document Intelligence to update individual and business relationships, has already reduced task time by 60%.
nCino's forward deployed engineering team worked alongside ConnectOne Bank team members to design, build and refine the agent suite directly within the institution's environment, compressing what would traditionally be a multi-year transformation into an active, iterative deployment measured in weeks.
Building Toward 50%
At nSight, nCino’s annual industry conference, Sorrentino shared how the deployment fits into ConnectOne's broader ambition: "We are one of the most efficient banks in the country. I believe with the things we're working on today together with nCino, we are going to be able to make every single one of our frontline people 50 percent more efficient. Fifty percent means our bankers will work a thousand hours less on things that don't matter and a thousand hours more on the things that do."
"Frank had the same questions about AI every banking leader has right now; the same board conversations, the same concerns,” said Sean Desmond, CEO at nCino. “The difference is he made a choice to focus on outcomes over checking a box. And the results speak to what that looks like when you build the right foundation and actually commit to it. Frank and his team have turned AI into a measurable operational advantage across the entire lending lifecycle, and the work they're doing on the AOS puts them ahead of where most of the industry is even trying to get to."
About ConnectOne Bancorp, Inc.
ConnectOne Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank’s fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at https://www.connectonebank.com.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks, and the largest financial entities globally — nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
Fast-growing mortgage lender selects nCino to support dozens of branch brands across 49 states while enhancing the borrower experience July 07, 2026 07:30 ET | Source: nCino, Inc.
WILMINGTON, N.C., July 07, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced that San Diego-based Cornerstone First Mortgage (Cornerstone) has switched to nCino's Mortgage Point of Sale to enhance the borrower experience and support its continued nationwide expansion.
Cornerstone has doubled in size twice over the past three years and now operates in 49 states through a network of approximately 130 branches supporting dozens of local brands under the Cornerstone umbrella. The company sought a scalable mortgage point-of-sale platform capable of supporting its unique branch-based model while delivering a consistent borrower experience nationwide. The lender selected nCino's Mortgage Point of Sale for its flexibility, mobile capabilities and nCino’s commitment to customer partnership.
"Your point-of-sale platform is the first representation of your company after that initial conversation with a borrower," said Eric Rotner, President of Operations at Cornerstone. "As we evaluated the next phase of growth for our business, we wanted a solution that could support our branch network, preserve the local brands our loan officers have built and provide a better experience for our borrowers. nCino's Mortgage Point of Sale stood out because of its flexibility, mobile capabilities and the team's commitment to helping us succeed."
"Cornerstone has built an impressive growth story by empowering entrepreneurial branch leaders while maintaining a strong commitment to the borrower experience," said Casey Williams, General Manager at nCino. "We're proud to support their continued expansion and look forward to helping the organization drive even greater efficiency, consistency and customer satisfaction through nCino's Mortgage Point of Sale."
Since switching to nCino, Cornerstone has significantly expanded its use of the platform to reduce borrower friction and simplify the loan process. Cornerstone is using nCino-connected verification tools to increase adoption of digital income, employment and asset verification and is also accelerating its adoption of eNotes and remote online notarization (RON). Together, these capabilities support Cornerstone’s broader goal of helping loan officers move borrowers through the mortgage process with greater speed, consistency and ease.
Learn more about how nCino's Mortgage Point of Sale helps lenders enhance the borrower experience while supporting growth across distributed branch networks at https://www.ncino.com/mortgage/us/mortgage-pos.
About Cornerstone First Mortgage
Cornerstone First Mortgage is a full-service mortgage bank headquartered in San Diego. All aspects of the loan process, from processing to underwriting to funding, are conducted in-house. Drawing on more than 20 years of experience, President Sean Cahan is transforming the loan process for the contemporary homebuyer with a team of professionals dedicated to delivering excellent customer service, unmatched communication and transparent accessibility throughout the mortgage process.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
nCino bringing intelligent lending to life at Norway’s largest financial institution July 01, 2026 02:30 ET | Source: nCino, Inc.
LONDON, July 01, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced that DNB has gone live on the nCino Platform, powering its corporate lending business, with plans to extend to SME lending next year.
Headquartered in Oslo, Norway, DNB serves over 2 million retail customers and more than 200,000 corporate clients across a global network of branches. As the world’s leading shipping- and seafood-bank and a major international player in the energy sector, DNB offers a comprehensive range of products and services.
To support its continuous growth ambitions and modernisation journey, DNB recognised the need to modernise core credit systems to create a strong foundation for long term business value.
"For 200 years, DNB has supported its customers through changes big and small,” said Cecilie Kirsebom Foyn-Bruun, Executive Vice President of Lending at DNB. “As we went through our own digital transformation, it made sense to go with a company who could support us through a big change.”
DNB selected the nCino Platform to support its ambitions, deploying nCino for Commercial Lending alongside Banking Advisor, nCino's AI-powered conversational interface that embeds intelligence directly into banker workflows. Now live, following an nCino gold standard implementation supported by Deloitte, the Bank plans to continue the nCino rollout across branches in nine countries.
“With nCino, we get a future proof foundation to work more efficiently and smarter to create value for our Corporate customers across industries and markets,” added Foyn-Bruun. “The goal is that our bankers have what they need to do their best work: a single platform, connected data and the intelligence to move faster for our clients."
"DNB is one of Europe's most respected financial institutions, and we're proud to be the platform they've chosen to power its next chapter,” added Joaquín de Valenzuela, Managing Director of EMEA at nCino. “This partnership speaks to the trust financial institutions across EMEA are placing in nCino, and we're committed to growing alongside them. With the nCino Platform and its agentic capabilities, DNB will have the intelligence to make faster, data-informed decisions with AI that doesn't just inform action but helps drive it."
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks, and the largest financial entities globally — nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
About DNB
DNB is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalisation. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers. For more information, visit www.dnb.no.
Forward-Looking Statements: This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
SG Americas Securities LLC raised its holdings in shares of nCino Inc. (NASDAQ: NCNO) by 170.5% in the undefined quarter, according to its most recent 13F filing with the SEC. The fund owned 51,368 shares of the company's stock after acquiring an additional 32,378 shares during the period. SG Americas Securities LLC's holdings
Sean Desmond, CEO of nCino (NCNO), explains how the fintech company uses AI in banking processes and how it sees balanced growth across existing and new clients. He makes the case that nCino has hidden strengths compared to other stocks caught up in the "saaS-pocalypse," which includes how the company uses data to train LLM models.
The consensus price target hints at a 29.3% upside potential for nCino (NCNO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
WILMINGTON, N.C. and SYDNEY, April 22, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic banking, today announced Nick Edwards as the new Managing Director for the APAC region.
On April 24, 2026, Ncino Inc NCNO shares rose 4.2% to a current price of $17.68. This marks a significant fluctuation within its 52-week range, which has seen a high of $33.92 and a low of $13.80.
GF Value™ verdict: Current price is $17.68 vs GF Value™ of $37.21, indicating a 52.5% upside potential.GF Score™ is 67/100, suggesting the stock is above average in terms of overall quality.Most notable signal: Insider activity shows that insiders sold $2.1M worth of stock in the last 3 months with no buying activity. Is NCNO Overvalued or Undervalued? The current price of Ncino Inc NCNO at $17.68 is significantly below the GF Value™ of $37.21, indicating that the stock is undervalued by approximately 52.5%. This substantial margin of safety presents an attractive opportunity for potential investors, as the stock is labeled as "Significantly Undervalued" by GF Valuation. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation suggests potential upside, it is essential to consider the risks involved. The company's financial strength ranks at 6/10, which is moderate, and its profitability rank is lower at 3/10. These factors may indicate underlying challenges that could affect future performance. Nonetheless, the significant difference between the current price and the GF Value™ suggests that there may be a substantial upside for investors who can navigate these risks.
How Does NCNO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 353.6x 329.6x (5-Year Median) Forward P/E 14.9x N/A The current P/E ratio of 353.6x is above its 5-year median P/E of 329.6x, indicating that NCNO is trading at a premium compared to its historical valuation. However, the forward P/E of 14.9x suggests a more favorable outlook for future earnings. This P/E analysis is somewhat in alignment with the GF Value™ verdict, as the high current P/E could reflect investor optimism or market inefficiencies that have not yet translated into financial performance.
What Does NCNO's GF Score™ Tell Us? Metric Rating GF Score™ 67/100 Financial Strength 6/10 Profitability 3/10 Growth 7/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 67/100 indicates that Ncino Inc is performing above average in terms of quality. The strongest area is its growth rank at 7/10, suggesting good potential for future expansion. Conversely, the profitability rank of 3/10 signifies that the company may face challenges in generating consistent profits, while the valuation rank of 2/10 reflects concerns over the current price levels relative to its intrinsic value.
What Are Insiders Doing with NCNO Stock? Recent insider activity reveals that insiders have sold $2.1 million worth of Ncino Inc NCNO stock over the past three months, with no reported purchases. This selling activity may indicate a lack of confidence from insiders in the stock's short-term performance. Such trends can often be interpreted as a bearish signal, leading investors to proceed with caution.
What This Means for Investors Based on the GF Value™ analysis, Ncino Inc NCNO is currently undervalued with a potential upside of 52.5%. While the stock presents an opportunity, the mixed signals from insider activity and profitability metrics suggest that investors should be mindful of the associated risks.
For the complete analysis, visit the Ncino Inc NCNO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is NCNO's GF Score™?
NCNO's GF Score™ is 67/100, indicating that the stock is above average in terms of quality and long-term return potential.
Is NCNO overvalued or undervalued?
According to GF Value™, NCNO is undervalued, with a current price of $17.68 compared to a GF Value™ of $37.21, suggesting significant upside potential.
What is NCNO's P/E ratio?
NCNO's current P/E ratio is 353.6x, which is above its 5-year median P/E of 329.6x, indicating the stock is trading at a premium compared to its historical valuation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
One of Europe's largest cooperative banking institutions to standardise lending operations on the nCino Platform April 28, 2026 02:30 ET | Source: nCino, Inc.
LONDON, April 28, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic banking, today announced that Raiffeisenbankengruppe Oesterreich has selected nCino as its unified corporate lending platform. The group is a landmark institution for nCino in the DACH region and a key example of the cooperative banking model nCino employs for thousands of US credit unions in Europe.
Raiffeisenbankengruppe Oesterreich is one of Europe’s largest and most complex examples of this cooperative business model, with 8 regional Raiffeisenlandesbanken serving as central financing institutions for approximately 270 local Raiffeisenbanken across the country. This tiered, member-owned banking system has served Austrian communities at scale for more than a century.
A cornerstone institution with this much scale and complexity requires a platform that can keep pace as its community's needs evolve. Raiffeisenbankengruppe Oesterreich selected nCino as the foundation for that evolution, and the nCino Platform will support the complete corporate lending lifecycle from initial application through final disbursement, spanning products including current account credit, term loans and limits for contingent business.
“Raiffeisenbankengruppe Oesterreich is aware of its responsibility towards society and provides strong momentum for the promotion of the regional economy. Raiffeisen focuses on long-term customer relationships, which are always built on trust — trust between our eight Raiffeisenlandesbanken, our local Raiffeisenbanken and the communities they serve,” said Reinhard Schwendtbauer, Chairman of the Raiffeisen Kooperationsgenossenschaft – a nationwide association that was built to enhance the cooperation and strategic development among all Austrian Raiffeisen institutions. “nCino gives us the modern foundation to honor the trust of our customers and our responsibility towards them – with a platform designed specifically for how we work.”
nCino brings to this partnership a depth of experience that few technology providers can match in the European cooperative banking space. The Company works with thousands of credit unions across the United States — institutions that, like Raiffeisenbankengruppe Oesterreich, are built on a member-owned model and a commitment to community. That institutional knowledge translates directly into how nCino approaches complex, tiered networks like Raiffeisen's.
"That institutional knowledge is already opening doors across Europe. In the DACH region, Raiffeisenbankengruppe Oesterreich is a powerful example of what's possible when a traditional cooperative banking institution decides to modernise at scale,” added Joaquin de Valenzuela, Managing Director of EMEA at nCino. “They bring a century of community banking expertise to this partnership and nCino brings the platform and the cooperative banking experience to help them take it further. We look forward to working alongside their team to bring a new standard of efficiency and innovation to corporate lending across Austria.”
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic banking. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks, and the largest financial entities globally — nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
About Raiffeisen Banking Group Austria (excluding Raiffeisen Bank International)
Raiffeisen, as the largest corporate banking group in the country, is one of the leading players in Austria’s economy. The Raiffeisen Banking Group stands for regional roots, cooperative values, and a comprehensive range of financial services. It combines security, innovation, and customer proximity, and is excellently positioned both regionally and internationally. On a regional level, around 270 independent Raiffeisenbanken operate, while the eight Raiffeisenlandesbanken form the top tier at the federal state level, supporting local banks with regulatory requirements and serving as contact partners for institutional and large clients.
Forward-Looking Statements: This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider nCino (NCNO - Free Report) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 65.60%.
For the most recent quarter, nCino was expected to post earnings of $0.21 per share, but it reported $0.37 per share instead, representing a surprise of 76.19%. For the previous quarter, the consensus estimate was $0.2 per share, while it actually produced $0.31 per share, a surprise of 55.00%.
Price and EPS Surprise
For nCino, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
nCino currently has an Earnings ESP of +3.68%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
WILMINGTON, N.C. and CAMROSE, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic banking, today announced Vision Credit Union has selected nCino for Commercial Lending, Banking Advisor and Automated Spreading.
Nearly 9 in 10 senior banking executives say AI Agents are the future, but only 1 in 5 are currently tying it to revenue
Barriers remain to turn AI momentum into measurable ROI
CHARLOTTE, N.C., May 13, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today released its inaugural “nCino AI in Banking Benchmark,” which revealed that the majority of bankers (89%) see a future defined by a dual workforce of AI agents and humans within five years.
While institutions have made meaningful progress in adopting AI and defining strategy, many are still working to translate that activity into business outcomes, marking a pivotal shift from exploring various use cases to utilizing as a strategic growth enabler at scale. In fact, the report found that only 21% of respondents indicate that they are currently tying their AI investments to increased revenue.
This survey was launched at nSight 2026, nCino’s 14th annual industry event being held May 12-14 in Charlotte, North Carolina. It was fielded between late March and early April 2026 among 150 U.S. banking senior technology and business decision-makers.
“As AI adoption accelerates, this report reveals that banking leaders are rethinking how work gets done, increasingly moving to a dual workforce of AI agents and humans,” said Sean Desmond, Chief Executive Officer at nCino. “The next phase is turning that motion into real momentum, ensuring AI investments deliver measurable business outcomes. That requires treating AI not just as a technology initiative, but as a transformation of how institutions operate, compete and serve their customers.”
AI Has Moved to the Core of the Banking Enterprise
AI is now firmly embedded in banking operations, with the majority of institutions utilizing it at an enterprise level (84%). What began as experimentation has evolved into everyday integration, with the report showing 91% of respondents say it enables their time to be spent on higher value or customer-facing work.
This shift is being accelerated by agentic AI, which is already reshaping roles across the organization and laying the foundation for a dual workforce model. According to the report, 84% of bankers say it has already significantly changed how most banking roles operate and 89% expect to be working alongside AI agents within the next five years.
AI Adoption Is Outpacing Accountability
The report reveals that while most banks (91%) have defined AI strategies, many are still early in linking those investments to KPIs. A majority (81%) of executives prioritize adoption over return on investment, with relatively few tying AI initiatives to cost reduction (26%) or revenue growth (21%). As a result, many organizations remain in motion—without yet achieving the momentum needed to drive sustained business impact.
Confidence in Data is High—But There are Cracks Beneath It
One of the primary barriers to translating AI momentum into business impact is data. The survey shows that the majority (87%) of banking executives feel confident about their ability to access good, quality data—good news for AI adoption. Yet nearly all (93%) cite at least one data governance challenge, including:
Data siloed across systems (52%)Compromised data integrity (41%)Inconsistent or incomplete data (37%)Poor data quality (34%) Against this backdrop, the report found that 94% of executives say a fully integrated, end-to-end AI solution could deliver more value to their organization.
“ConnectOne has consistently operated among the top-performing institutions for efficiency, and we take pride in working with partners like nCino that help us continue to enhance that efficiency as we scale,” said Frank Sorrentino, Chairman and Chief Executive Officer of ConnectOne Bank. “As the pace of technological change accelerates, the institutions best positioned to lead will be those that rethink how they operate, apply modern solutions with purpose, and work with partners who can help translate innovation into meaningful outcomes for clients, teams, and shareholders.”
To download the full report, visit the nCino website.
Methodology
The nCino AI in Banking Benchmark was fielded between late March and early April 2026 among 150 U.S. banking senior technology and business decision-makers. Respondents’ roles included CEOs, CIOs, CTOs, Managing Directors, and VPs, and were employed across credit unions, community banks, regional and super-regional banks, and global financial institutions. All participants have direct influence over or responsibility for technology strategy and investment decisions. The survey was designed to assess how financial institutions are adopting and operationalizing AI, where strategic alignment and execution challenges persist, and how banks are measuring business impact and return on investment from AI initiatives.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide — including community banks, credit unions, independent mortgage banks, and the largest financial entities globally — nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
Forward-Looking Statements:
This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (ii) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (iii) risks associated with acquisitions we undertake, (iv) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (v) the accuracy of management’s assumptions and estimates; (vi) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (vii) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (viii) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (ix) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (x) our ability to manage our growth effectively including expanding outside of the United States; (xi) adverse changes in our relationship with Salesforce; (xii) our ability to successfully acquire new companies and/or integrate acquisitions into our existing organization; (xiii) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xiv) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; (xv) our ability to maintain our corporate culture and attract and retain highly skilled employees; and (xvi) the outcome and impact of legal proceedings and related fees and expenses.
WILMINGTON, N.C., May 14, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, will report financial results for its first quarter ended April 30, 2026, after the market close on Wednesday, May 27, 2026. nCino will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results.
Event: nCino’s First Quarter Fiscal Year 2027 Financial Results Conference Call
Date and Time: Wednesday, May 27, 2026 at 4:30 p.m. ET
Webcast Link: https://investor.ncino.com/
Replay: A webcast replay will be available on the Investor Relations section of nCino’s website following the call.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino’s dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Universal Insurance Holdings, Inc. (UVE - Free Report) : This insurance holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.8% over the last 60 days.
Lifetime Brands, Inc. (LCUT - Free Report) : This housewares company has seen the Zacks Consensus Estimate for its current year earnings increasing 19.7% over the last 60 days.
CrossAmerica Partners LP (CAPL - Free Report) : This fuel distribution and convenience store company has seen the Zacks Consensus Estimate for its current year earnings increasing 146.5% over the last 60 days.
nCino, Inc. (NCNO - Free Report) : This software-as-a-service company has seen the Zacks Consensus Estimate for its current year earnings increasing 17.2% over the last 60 days.
FGI Industries Ltd. (FGI - Free Report) : This bath and kitchen products company has seen the Zacks Consensus Estimate for its current year earnings increasing 74.5% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
nCino (NCNO - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for nCino basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For nCino, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for nCinoThis company is expected to earn $1.16 per share for the fiscal year ending January 2027, which represents no year-over-year change.
Analysts have been steadily raising their estimates for nCino. Over the past three months, the Zacks Consensus Estimate for the company has increased 31%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of nCino to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
WILMINGTON, N.C., May 20, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced its participation in the following investor conference:
William Blair’s 46th Annual Growth Stock Conference
Presentation: Wednesday June 3, 2026, at 12:20 p.m. ET
The live webcast, as well as a replay from the event, will be available on the Company’s Investor Relations website at https://investor.ncino.com/news-events/events-presentations.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted, agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino’s dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit www.ncino.com.
Total Revenues of $159.4M, up 11% year-over-year Subscription Revenues of $140.9M, up 12% year-over-yearGAAP Operating Margin of 13%, up 1,400 basis points year-over-yearNon-GAAP Operating Margin of 28%, up 1,100 basis points year-over-year WILMINGTON, N.C., May 27, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the platform for agentic AI banking, today announced financial results for the first quarter of fiscal year 2027, ended April 30, 2026.
"We delivered an exceptional first quarter, again outperforming all of our financial guidance. Our customers continue to validate our AI product strategy and are demonstrating their confidence in nCino as their long-term technology partner by deepening their investments in our platform and embracing our AI capabilities. These results are a direct reflection of the tangible value our customers are realizing with our platform, and we remain deeply committed to delivering that value at scale globally," said Sean Desmond, CEO at nCino.
Financial Highlights
Revenues: Total revenues for the first quarter of fiscal 2027 were $159.4 million, an 11% increase from $144.1 million in the first quarter of fiscal 2026. Subscription revenues for the first quarter of fiscal 2027 were $140.9 million, up from $125.6 million one year ago, an increase of 12%.Income (Loss) from Operations: GAAP income (loss) from operations in the first quarter of fiscal 2027 was $21.1 million compared to $(1.5) million in the same quarter of fiscal 2026. Non-GAAP operating income in the first quarter of fiscal 2027 was $44.5 million compared to $24.8 million in the first quarter of fiscal 2026, an increase of 79%.Cash: Cash, cash equivalents, and restricted cash were $103.1 million as of April 30, 2026, and $262.8 million was outstanding under the Company's credit facility. Free cash flow in the first quarter of fiscal 2027 was $80.8 million compared to $52.6 million in the first quarter of fiscal 2026, an increase of 54%.Share Repurchases: In the first quarter ended April 30, 2026, nCino repurchased approximately 6.1 million shares of the Company's outstanding common stock under the December 2025 Stock Repurchase Program and the $100 million March 2026 Accelerated Share Repurchase (ASR) Program at an average price of $15.20 per share totaling approximately $93.1 million, including an initial delivery of 5.5 million shares received upfront under the ASR. $65.0 million remains available for future repurchases under the December 2025 Stock Repurchase Program. Recent Business Highlights
Renewed a top-5 Canadian bank by assets: Secured a five-year renewal with a top-5 Canadian bank by assets, expanding use cases for Commercial Lending and adding nCino AI capabilities to broaden nCino's footprint within the institution.Increased committed loan volume with a top-25 IMB by over 100%: A top-25 independent mortgage bank (IMB) more than doubled its committed loan volume with a five-year renewal, positioning nCino's Mortgage Solution as a key enabler of the institution's growth strategy.Largest new logo win by Credit Union team: The nCino Credit Union team signed their largest new logo deal to date with a $6.5 billion credit union selecting nCino for Commercial Lending, Small Business Lending, Commercial Pricing & Profitability, and Portfolio Analytics.Hosted nSight 2026: Welcomed over 1,600 attendees to nSight, the Company's annual user conference, including a record number of customer and prospect institutions, to showcase the Company's latest product innovations and reinforce nCino's position at the forefront of financial services technology. Financial Outlook
nCino is providing guidance for its second quarter ending July 31, 2026, as follows:
Total revenues between $157.75 million and $159.75 million.Subscription revenues between $140.25 million and $142.25 million.Non-GAAP operating income between $35.5 million and $37.5 million. nCino is providing guidance for its fiscal year 2027 ending January 31, 2027, as follows:
Total revenues between $642.0 million and $646.0 million.Subscription revenues between $571.5 million and $575.5 million.Non-GAAP operating income between $166.0 million and $171.0 million.Free Cash Flow between $135.0 million and $140.0 million.Annual Contract Value (ACV) between $662.5 million and $667.5 million. Conference Call
nCino will host a conference call at 4:30 p.m. ET today to discuss its financial results and outlook. The conference call will be available via live webcast and replay at the Investor Relations section of nCino’s website: https://investor.ncino.com/news-events/events-and-presentations.
About nCino
nCino (NASDAQ: NCNO) is the platform for agentic AI banking. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted agentic platform purpose-built for financial services and regulated industries. By deploying AI agents alongside human teams, nCino's dual workforce enables institutions to eliminate inefficiencies, sharpen decision-making and deliver better outcomes for the customers they serve. For more information, visit
www.ncino.com
Forward-Looking Statements: This press release contains forward-looking statements about nCino's financial and operating results, which include statements regarding nCino’s future performance, outlook, guidance, the benefits from the use of nCino’s solutions, our strategies, and general business conditions. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “aim,” “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “goal,” “intends,” “may,” “might,” “plans”, “potential,” “predicts,” “projects,” “seeks,” “should,” “strive,” “will,” or “would” or similar expressions and the negatives thereof. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, but not limited to risks associated with (i) repurchases of our common stock under our stock repurchase programs or the decision to terminate or suspend any repurchases; (ii) variations between our actual operating results and the expectations of securities analysts, investors and the financial community; (iii) adverse changes in the financial services industry, including as a result of customer consolidation or bank failures; (iv) adverse changes in economic, regulatory, or market conditions, including as a direct or indirect consequence of higher interest rates; (v) our ability to successfully develop, offer and drive customer acceptance of AI-driven solutions for the banking industry; (vi) breaches in our security measures or unauthorized access to our customers’ or their clients' data; (vii) the accuracy of management’s assumptions and estimates; (viii) our ability to attract new customers and succeed in having current customers expand their use of our solution, including in connection with our migration to an asset-based pricing model; (ix) competitive factors, including pricing pressures and migration to asset-based pricing, consolidation among competitors, entry of new competitors, the launch of new products and marketing initiatives by our competitors, and difficulty securing rights to access or integrate with third party products or data used by our customers; (x) the rate of adoption of our newer solutions and the results of our efforts to sustain or expand the use and adoption of our more established solutions; (xi) fluctuation of our results of operations, which may make period-to-period comparisons less meaningful; (xii) our ability to manage our growth effectively including expanding outside of the United States; (xiii) adverse changes in our relationship with Salesforce; (xiv) risks associated with the acquisitions we have completed or may undertake; (xv) the loss of one or more customers, particularly any of our larger customers, or a reduction in the number of users our customers purchase access and use rights for; (xvi) system unavailability, system performance problems, or loss of data due to disruptions or other problems with our computing infrastructure or the infrastructure we rely on that is operated by third parties; and (xvii) our ability to maintain our corporate culture and attract and retain highly skilled employees.
nCino, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
January 31, 2026 April 30, 2026 Assets Current assets Cash and cash equivalents$88,374 $102,813 Accounts receivable, net 166,540 124,742 Costs capitalized to obtain revenue contracts, current portion, net 17,211 16,989 Prepaid expenses and other current assets 21,378 22,883 Total current assets 293,503 267,427 Property and equipment, net 75,607 74,837 Operating lease right-of-use assets, net 12,687 11,833 Costs capitalized to obtain revenue contracts, noncurrent, net 30,735 29,639 Goodwill 1,077,947 1,076,098 Intangible assets, net 135,658 126,215 Investments 7,262 7,262 Long-term prepaid expenses and other assets 14,707 14,519 Total assets$1,648,106 $1,607,830 Liabilities, redeemable non-controlling interest, and stockholders’ equity Current liabilities Accounts payable$14,521 $15,710 Accrued expenses and other current liabilities 64,372 44,488 Deferred revenue, current portion 210,552 225,049 Debt, current portion, net — 9,803 Financing obligations, current portion 818 607 Operating lease liabilities, current portion 4,229 4,204 Total current liabilities 294,492 299,861 Operating lease liabilities, noncurrent 9,748 8,801 Deferred income taxes, noncurrent 7,020 7,528 Deferred revenue, noncurrent 170 102 Debt, noncurrent, net 213,500 253,007 Financing obligations, noncurrent 50,400 50,290 Other long-term liabilities 4,124 3,795 Total liabilities 579,454 623,384 Commitments and contingencies Redeemable non-controlling interest 12,737 14,087 Stockholders’ equity Common stock 59 60 Treasury stock, at cost (125,600) (219,255)Additional paid-in capital 1,550,187 1,546,967 Accumulated other comprehensive income 7,042 4,016 Accumulated deficit (375,773) (361,429)Total stockholders’ equity 1,055,915 970,359 Total liabilities, redeemable non-controlling interest, and stockholders’ equity$1,648,106 $1,607,830 nCino, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data)
(Unaudited)
Three Months Ended April 30, 2025
2026
Revenues Subscription$125,588 $140,929 Professional services and other 18,549 18,485 Total revenues 144,137 159,414 Cost of revenues Subscription 36,125 39,244 Professional services and other 21,570 19,232 Total cost of revenues 57,695 58,476 Gross profit 86,442 100,938 Gross margin % 60% 63%Operating expenses Sales and marketing 32,971 33,725 Research and development 33,341 28,865 General and administrative 21,643 17,229 Total operating expenses 87,955 79,819 Income (loss) from operations (1,513) 21,119 Non-operating income (expense) Interest income 417 366 Interest expense (4,450) (4,481)Other income (expense), net 16,097 (333)Income before income taxes 10,551 16,671 Income tax provision 4,534 1,680 Net income 6,017 14,991 Net income attributable to redeemable non-controlling interest 76 647 Adjustment attributable to redeemable non-controlling interest 379 703 Net income attributable to nCino, Inc.$5,562 $13,641 Net income per share attributable to nCino, Inc.: Basic$0.05 $0.13 Diluted$0.05 $0.12 Weighted average number of common shares outstanding: Basic 114,781,654 108,502,547 Diluted 116,578,848 109,458,472 nCino, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Three Months Ended April 30, 2025
2026
Cash flows from operating activities Net income attributable to nCino, Inc.$5,562 $13,641 Net income and adjustment attributable to redeemable non-controlling interest 455 1,350 Net income 6,017 14,991 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 10,705 10,083 Non-cash operating lease costs 1,161 908 Amortization of costs capitalized to obtain revenue contracts 3,591 4,622 Amortization of debt issuance costs 72 88 Stock-based compensation 15,814 13,904 Change in fair value of contingent consideration 200 242 Deferred income taxes 2,656 180 Provision for (recovery of) bad debt 202 (54)Net foreign currency losses (gains) (13,669) 185 Gains on investments (1,652) — Loss on disposal of long-lived assets 73 — Change in operating assets and liabilities: Accounts receivable 45,717 41,208 Costs capitalized to obtain revenue contracts (3,158) (3,425)Prepaid expenses and other assets (1,542) (1,394)Accounts payable 480 1,154 Accrued expenses and other liabilities (15,796) (15,294)Deferred revenue 5,245 14,895 Operating lease liabilities (1,335) (1,013)Other long term liabilities (461) 125 Net cash provided by operating activities 54,320 81,405 Cash flows from investing activities Acquisition of business, net of cash acquired (50,263) — Purchases of property and equipment (1,718) (614)Sale of investment 3,684 — Net cash used in investing activities (48,297) (614)Cash flows from financing activities Repurchases of common stock (40,588) (110,083)Proceeds from borrowings on revolving credit facility 102,500 — Payments on revolving credit facility (60,000) (150,000)Proceeds from term loan, net of debt issuance costs — 199,346 Exercise of stock options 748 473 Principal payments on financing obligations (410) (321)Payment of contingent consideration — (5,300)Net cash provided by (used in) financing activities 2,250 (65,885)Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash 4,040 (459)Net increase in cash, cash equivalents, and restricted cash 12,313 14,447 Cash, cash equivalents, and restricted cash, beginning of period 121,267 88,685 Cash, cash equivalents, and restricted cash, end of period$133,580 $103,132 Three Months Ended April 30, 2025
2026
Reconciliation of cash, cash equivalents, and restricted cash, end of period: Cash and cash equivalents$133,230 $102,813 Restricted cash included in prepaid expenses and other current assets — 173 Restricted cash included in long-term prepaid expenses and other assets 350 146 Total cash, cash equivalents, and restricted cash, end of period$133,580 $103,132 Non-GAAP Financial Measures
In nCino’s public disclosures, nCino has provided non-GAAP measures, which are measurements of financial performance that have not been prepared in accordance with generally accepted accounting principles in the United States, or GAAP. In addition to its GAAP measures, nCino uses these non-GAAP financial measures internally for budgeting and resource allocation purposes and in analyzing our financial results. For the reasons set forth below, nCino believes that excluding the following items provides information that is helpful in understanding our operating results, evaluating our future prospects, comparing our financial results across accounting periods, and comparing our financial results to our peers, many of which provide similar non-GAAP financial measures.
Amortization of Purchased Intangibles. nCino incurs amortization expense for purchased intangible assets in connection with certain mergers and acquisitions. Because these costs have already been incurred, cannot be recovered, are non-cash, and are affected by the inherent subjective nature of purchase price allocations, nCino excludes these expenses for our internal management reporting processes. nCino’s management also finds it useful to exclude these charges when assessing the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Although nCino excludes amortization expense for purchased intangibles from these non-GAAP measures, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.Stock-Based Compensation Expenses. nCino excludes stock-based compensation expenses primarily because they are non-cash expenses that nCino excludes from our internal management reporting processes. nCino’s management also finds it useful to exclude these expenses when they assess the appropriate level of various operating expenses and resource allocations when budgeting, planning and forecasting future periods. Moreover, because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use, nCino believes excluding stock-based compensation expenses allows investors to make meaningful comparisons between our recurring core business operating results and those of other companies. Transaction-Related Expenses. nCino excludes expenses related to mergers and acquisitions or divestitures as they limit comparability of operating results with prior periods. Transaction-related expenses include but are not limited to, costs incurred from third-party professional services firms, change in fair value of contingent consideration, and one-time integration activities. We believe these costs are non-recurring in nature and outside the ordinary course of business. Litigation Expenses. nCino excludes fees and expenses related to litigation expenses incurred from legal matters outside the ordinary course of our business as we believe their exclusion from non-GAAP operating expenses will facilitate a more meaningful explanation of operating results and comparisons with prior period results. Restructuring Costs. nCino excludes costs incurred related to bespoke restructuring plans and other one-time costs, if any, that are fundamentally different in strategic nature and frequency from ongoing initiatives. We believe excluding these costs facilitates a more consistent comparison of operating performance over time. There are limitations to using non-GAAP financial measures because non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures provided by other companies. The non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact upon our reported financial results. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by nCino’s management about which items are adjusted to calculate its non-GAAP financial measures. nCino compensates for these limitations by analyzing current and future results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in its public disclosures. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. nCino encourages investors and others to review our financial information in its entirety, not to rely on any single financial measure to evaluate our business, and to view our non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. A reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables below.
nCino, Inc.
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(In thousands, except share and per share data)
(Unaudited)
Three Months Ended April 30, 2025
2026
GAAP total revenues$144,137 $159,414 GAAP cost of subscription revenues$36,125 $39,244 Amortization expense - developed technology (5,075) (5,113)Stock-based compensation (664) (655)Non-GAAP cost of subscription revenues$30,386 $33,476 GAAP cost of professional services and other revenues$21,570 $19,232 Amortization expense - other (82) — Stock-based compensation (2,754) (2,624)Non-GAAP cost of professional services and other revenues$18,734 $16,608 GAAP gross profit$86,442 $100,938 Amortization expense - developed technology 5,075 5,113 Amortization expense - other 82 — Stock-based compensation 3,418 3,279 Non-GAAP gross profit$95,017 $109,330 The following table sets forth reconciling items as a percentage of total revenue for the periods presented.1GAAP gross margin % 60% 63%Amortization expense - developed technology 4 3 Stock-based compensation 2 2 Non-GAAP gross margin % 66% 69% GAAP sales & marketing expense$32,971 $33,725 Amortization expense - customer relationships (3,580) (3,643)Amortization expense - trade name (424) (9)Amortization expense - other (28) (28)Stock-based compensation (2,928) (3,161)Transaction-related expenses (335) — Non-GAAP sales & marketing expense$25,676 $26,884 GAAP research & development expense$33,341 $28,865 Stock-based compensation (4,115) (3,069)Transaction-related expenses (90) (358)Non-GAAP research & development expense$29,136 $25,438 GAAP general & administrative expense$21,643 $17,229 Stock-based compensation (5,353) (4,395)Transaction-related expenses (915) (337)Non-GAAP general & administrative expense$15,375 $12,497 GAAP income (loss) from operations$(1,513) $21,119 Amortization of intangible assets 9,189 8,793 Stock-based compensation 15,814 13,904 Transaction-related expenses 1,340 695 Non-GAAP operating income$24,830 $44,511 The following table sets forth reconciling items as a percentage of total revenue for the periods presented.1GAAP operating margin %(1)% 13%Amortization of intangible assets 6 6 Stock-based compensation 11 9 Transaction-related expenses 1 — Non-GAAP operating margin % 17% 28% Free cash flow Net cash provided by operating activities$54,320 $81,405 Purchases of property and equipment (1,718) (614)Free cash flow$52,602 $80,791 Principal payments on financing obligations2 (410) (321)Free cash flow less principal payments on financing obligations$52,192 $80,470 1Columns may not foot due to rounding.
2These amounts represent the non-interest component of payments towards financing obligations for facilities.
nCino (NCNO - Free Report) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +17.86%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.37, delivering a surprise of +76.19%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
nCino, which belongs to the Zacks Internet - Software industry, posted revenues of $159.41 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 2.29%. This compares to year-ago revenues of $144.14 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
nCino shares have lost about 40.6% since the beginning of the year versus the S&P 500's gain of 9.8%.
What's Next for nCino?While nCino has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for nCino was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.26 on $158.91 million in revenues for the coming quarter and $1.16 on $640.96 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
PagerDuty (PD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended April 2026. The results are expected to be released on May 28.
This software developer is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PagerDuty's revenues are expected to be $119.18 million, down 0.5% from the year-ago quarter.
nCino, Inc. is upgraded from Sell to Hold after strong Q1 FY27 results and improved fundamentals. NCNO delivered 10.6% revenue growth to $159.4M, with margin expansion and robust international subscription growth. Management guides FY27 revenue to $642–646M and non-GAAP operating income to $166–171M, driven by subscription momentum.
On May 28, 2026, Ncino Inc NCNO shares rose 4.5% today, closing at $15.85. The stock has seen significant volatility over the past year, with a 52-week range between $13.80 and $33.92.
GF Value™ verdict: Current price of $15.85 is 57.6% below GF Value™ of $37.39, indicating significant undervaluation.GF Score™ of 70/100 suggests above-average potential for generating returns.Insider activity indicates skepticism, with insiders selling $2.9 million in stock over the last three months and no buying activity reported. Is NCNO Overvalued or Undervalued? According to the GF Value™, Ncino Inc is currently undervalued. The current price of $15.85 is substantially lower than the GF Value™ estimate of $37.39, presenting a margin of safety of 57.6%. This suggests that the stock may have significant upside potential. However, the GF Valuation label describes it as a "Possible Value Trap," which implies caution should be exercised. While the undervaluation may provide an opportunity, the risks associated with it, including recent insider selling and a relatively low GF Score™, should not be overlooked.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does NCNO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 132.1x 322.8x Forward P/E 13.2x N/A The current P/E ratio of 132.1x is significantly lower than its 5-year median P/E of 322.8x, indicating that the stock is trading well below its historical valuation levels. The forward P/E of 13.2x further supports the notion that the stock is undervalued relative to its historical performance. This P/E analysis aligns with the GF Value™ verdict, reinforcing the view that Ncino Inc may represent a buying opportunity, albeit with the associated risks of a value trap.
What Does NCNO's GF Score™ Tell Us? Metric Rating GF Score™ 70/100 Financial Strength 6/10 Profitability 4/10 Growth 9/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 70/100 indicates that Ncino Inc has above-average potential for long-term returns. The strongest aspect is growth, where it scored 9/10, suggesting robust growth prospects. However, the weakest area is valuation, scoring only 2/10, which indicates that while the stock may be undervalued, there are significant concerns regarding its current price relative to its intrinsic value.
What Are Insiders Doing with NCNO Stock? Recent insider activity shows that insiders have sold $2.9 million worth of stock over the last three months, with no buying activity reported. This pattern may suggest that those within the company have less confidence in the stock's near-term performance, raising concerns for potential investors.
Without any buying from insiders, the selling activity may indicate that they are anticipating challenges ahead, which could affect the company's future performance and stock price.
What This Means for Investors Based on the GF Value™ analysis, Ncino Inc appears to be undervalued at a current price of $15.85 compared to its GF Value™ of $37.39. However, potential investors should be cautious due to the warning of a possible value trap and the recent insider selling, which could signal underlying issues within the company.
For the complete analysis, visit the Ncino Inc NCNO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is NCNO's GF Score™?
The GF Score™ for Ncino Inc is 70/100, indicating above-average potential for generating long-term returns based on key financial metrics.
Is NCNO overvalued or undervalued?
Ncino Inc is considered undervalued, with a current price of $15.85 that is significantly lower than the GF Value™ estimate of $37.39.
What is NCNO's P/E ratio?
NCNO has a P/E ratio of 132.1x based on trailing twelve months, which is significantly lower than its 5-year median P/E of 322.8x, indicating a potential for undervaluation.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Shares of nCino (NCNO - Free Report) have gained 0.5% over the past four weeks to close the last trading session at $15.41, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $23.14 indicates a potential upside of 50.2%.
The mean estimate comprises 14 short-term price targets with a standard deviation of $3.37. While the lowest estimate of $16.00 indicates a 3.8% increase from the current price level, the most optimistic analyst expects the stock to surge 81.7% to reach $28.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.
However, an impressive consensus price target is not the only factor that indicates a potential upside in NCNO. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in NCNOAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 29.3%, as four estimates have moved higher compared to no negative revision.
Moreover, NCNO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much NCNO could gain, the direction of price movement it implies does appear to be a good guide.
